Sometimes, there are important updates concerning home insurance that policyholders should know. If they don’t find out about these updates, they can end up going through detrimentally financial losses.
In fact, there are some recent insurance-related updates that are critical. One of these updates is how the price of the home is growing substantially in Ft. Worth, TX, and surrounding areas. The other one is the growing concern as severe damage has mounted from wind/weather-related incidents in Texas.
Fort Worth Leading the Pack in the Rising Homes’ Prices
The Dallas Morning News recently received and reported from CoreLogic that the prices for homes in FT. Worth, TX rose to 5.7% in February. However, home prices throughout the nation rose to 4%. CoreLogic also predicts that housing will continue to grow by 4.7% next year. And as a result, consumers who rent or buy have a significant strain, and homeowners must ensure that their homes are not underinsured. Some people have found out the hard way that their homes were underinsured and thus went through financial turmoil.
Growing Concern of Great Financial Losses Resulting from Weather-related Incidents
There have been more reports lately about severely damaged, wind, and weather incidents, particularly in Texas. In fact, The National Centers for Environmental Information reported that eight of the previous 11 years has at least ten billion-dollars worth of weather disasters in the nation. Also, a representative of the Insurance Council of Texas stated that the Dallas-Fort Worth area has an estimated $2 billion in losses from a tornado outbreak for this past October.
Due to these and other home insurance concerns, it is vital to get a top-notch agency that will take care of your home insurance needs. Main Street Independent Insurance is the way to go. Contact Main Street Independent Insurance today.